This page will have information and links to area lenders and lending information.  From time to time I may post some articles and information and / or links to web sites that have good information about financing for Real Estate and other purchases.  Check back regularly for updated information that you may find helpful. 

For more information please contact me at 804-339-7014 or e-mail me at JohnPolson@PleasantLife.com

Below is a list of several local lenders and mortgage companies that can provide assistance to you with the purchase or refinance of your property.  Please feel free to contact any of these companies regarding their services.

As of Mid July '09 Interest rates for 30 year fixed rate mortgages are now in the low 5% range with no points.  Often a point can buy down the rate to a significant degree and of course, your credit score means a LOT as does your employment history.  But Loans ARE Available including the possiblity for certain purchases to obtain 100% financing wiht FHA programs as well as VA loan programs.  There are even programs for 102% financing with a Rural Development Loan (ask for more details).  FHA Program loans now allow for qualified first time home buyers to use their $8,000 first time home buyer tax credit as a downpayment!  This makes it that much easier for buyers with little or no down payment to buy a home.

Bank of Lancaster 

Contact: Nevin Ramsburg

(804) 435-4179 - Office

(804) 815-6387 - Cell

Chesapeake Bank

Contact:

EVB banking services

Contact: Robert Fleet(804) 815-0587 - Cell

Northern Neck State Bank

Contact: Mark Curran

(804) 338-3525 - Cell

Suntrust Mortgage

Contact: Mike Poole

O: 804-693-1572

C: 804-815-3371

Fax: 804-693-1518

michael.poole@suntrust.com

I will be glad to visit with you and discuss financing options and help you determine the best way to find the money you need for a Real Estate purchase.  There are Many options out there and despite what you read and see in the news, lenders have money to lend and are eager to help you get the loan you need.

One of the first things you will need to do when searching for a home is calculate how much home you can afford.  Do do this, often times you can start by finding out what your monthly payments will be.  Use a Mortgage Calculator like the one at this site to help you with this piece of information